Hourly Ontario Energy Price definition

Hourly Ontario Energy Price has the meaning provided to it in the IESO Market Rules, and expressed in Dollars per MWh, and includes any applicable successor price, including any applicable successor locational marginal price applicable to the Connection Point.
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Hourly Ontario Energy Price means the price provided under the IESO Market Rules;
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Hourly Ontario Energy Price means the arithmetic average of the uniform Ontario energy prices determined for each of the twelve five-minute dispatch intervals in a particular hour and determined by the System Operator using the variables, data and formulae set forth in the IESO Market Rules in effect as of the date hereof. For the purposes of this Agreement, HOEP is expressed in dollars per MWh.
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Examples of Hourly Ontario Energy Price in a sentence

  • HOEP is the Hourly Ontario Energy Price as determined by the IESO.

  • This information includes:• Total load met,• Transmission capacity between the IESO-controlled grid and each intertie zone,• Any outages of transmission facilities,• Total operating reserve scheduled, and total energy called from such operating reserve, by area,• The market prices for each dispatch interval, and• The uniform Hourly Ontario Energy Price (HOEP).

  • Until then, facilities that are grid-connected and that have completed the market participant registration and physical commissioning process can offer energy into the market at the Hourly Ontario Energy Price (HOEP).

  • Utilisation payment rates are calculated by subtracting the Hourly Ontario Energy Price (“HOEP”) from the nominated Energy-Bids.

  • Based on the 2017 average IESO Hourly Ontario Energy Price, at $0.1155/kWh Figure 6-C: Energy Consumption by Asset Type, 2013 vs.

  • Other "unregulated" hydroelectric and coal-fired facilities owned by OPG receive the Hourly Ontario Energy Price (HOEP) for the supply of electricity.

  • There are two components of electricity commodity charges in Ontario: the Hourly Ontario Energy Price (HOEP) and the Global Adjustment (GA).

  • In turn, the average of the twelve MCPs set during the course of an hour is the "Hourly Ontario Energy Price" (HOEP).380 4.13.

  • The wholesale market price (Hourly Ontario Energy Price, or HOEP) is determined by matching supply and demand for electricity.

  • In Ontario, the wholesale market price (known as the Hourly Ontario Energy Price (HOEP)) does not provide sufficient compensation to stimulate investment in generation.

Related to Hourly Ontario Energy Price

  • Energy Price has the meaning set forth in Section 4.[1/2](a).

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.

  • Nominated Energy Efficiency Value means the amount of load reduction that an Energy Efficiency Resource commits to provide through installation of more efficient devices or equipment or implementation of more efficient processes or systems.

  • Real-time Energy Market means the purchase or sale of energy and payment of Transmission Congestion Charges for quantity deviations from the Day-ahead Energy Market in the Operating Day.

  • Annual Energy Use means, (i) with respect to the first 5 years following the Effective Date, the annual electricity usage, expressed in kilowatt hours (“kWhs”), within the Party’s respective jurisdiction and (ii) with respect to the period after the fifth anniversary of the Effective Date, the annual electricity usage, expressed in kWhs, of accounts within a Party’s respective jurisdiction that are served by the Authority and (b) “Total Annual Energy” means the sum of all Parties’ Annual Energy Use. The initial values for Annual Energy use are designated in Exhibit C, and shall be adjusted annually as soon as reasonably practicable after January 1, but no later than March 1 of each year

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • Annual Resource Price Adder means, for Delivery Years starting June 1, 2014 and ending May 31, 2017, an addition to the marginal value of Unforced Capacity and the Extended Summer Resource Price Adder as necessary to reflect the price of Annual Resources required to meet the applicable Minimum Annual Resource Requirement. Annual Revenue Rate:

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • renewable energy sources means renewable sources such as small hydro, wind, solar including its integration with combined cycle, biomass, bio fuel cogeneration, urban or municipal waste and other such sources as approved by the MNRE;

  • Automotive hard paste wax means an automotive wax or polish that is:

  • Natural gas company ’ means a person engaged in the transportation of natural gas in interstate commerce, or the sale in inter- state commerce of such gas for resale.

  • Energy Payment The amount that Company will pay Seller for electric energy delivered to Company in accordance with the terms and conditions of this Agreement on a monthly basis as set forth in Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.

  • Electric utility steam generating unit means any steam electric generating unit that is constructed for the purpose of supplying more than one-third of its potential electric output capacity and more than 25 MW electrical output to any utility power distribution system for sale. Any steam supplied to a steam distribution system for the purpose of providing steam to a steam-electric generator that would produce electrical energy for sale is also considered in determining the electrical energy output capacity of the affected facility.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Net energy metering means the difference between the kilowatt-hours consumed by a customer-generator and the kilowatt-hours generated by the customer- generator's facility over any time period determined as if measured by a single meter capable of registering the flow of electricity in two directions.

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • National Ambient Air Quality Standards or “NAAQS” means national ambient air quality standards that are promulgated pursuant to Section 109 of the Act, 42 U.S.C. § 7409.

  • Renewable energy resources means energy derived from solar, wind, geothermal, biomass, and hydroelectricity. A fuel cell using hydrogen derived from these eligible resources is also an eligible electric generation technology. Fossil and nuclear fuels and their derivatives are not eligible resources.

  • Renewable energy resource means a resource that naturally replenishes over a human, not a geological, time frame and that is ultimately derived from solar power, water power, or wind power. Renewable energy resource does not include petroleum, nuclear, natural gas, or coal. A renewable energy resource comes from the sun or from thermal inertia of the earth and minimizes the output of toxic material in the conversion of the energy and includes, but is not limited to, all of the following:

  • Energy year or "EY" means the 12-month period from June 1st

  • Useful thermal energy means, with regard to a cogeneration unit, thermal energy that is:

  • Net Energy The total quantity of electric energy (measured in kilowatt hours) produced by the Facility over a given time period and delivered to the Point of Interconnection, as measured by the revenue meter. "Net Energy" the equivalent of "Actual Output."

  • Spot Market Energy means energy bought or sold by Market Participants through the PJM Interchange Energy Market at System Energy Prices determined as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • oil tanker means a ship constructed or adapted primarily to carry oil in bulk in its cargo spaces and includes combination carriers and any “chemical tanker” as defined in Annex II of the present Convention when it is carrying a cargo or part cargo of oil in bulk.